I am tracking EURUSD corrective structure since very long. I am expecting that we will see bearish wave in coming days and i think EURUSD again will hit 1.04000 in coming days. If price breakdown small corrective channel with impulse then look for sell and in case price break up this small corrective structure and break back the channel line in then look for sell from upper flat channel line.
Hit hard the bottom trend line watching for price action
Broken running outside the channel watching closely for further price action will update if i will see another sell setup good luck guys.
Watching for price action under symmetrical triangle to place more sell incae price break back in the triangle then i will look for sell from upper triangle trend line here is the update.
Here we got the retest. I am expecting sell setup on retest.
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sir i am very much looking to long this pair because of the ABCDE continuation pattern we have with the impulse on the left. Would only look to sell from the top like you've shown on the chart also we have similar continuation pattern on usdchf which should push the pair down which makes me bullish on this pair for now
I am agree with you akash it is very possible if this ABCDE break up then the best and ideal place to sell is top. It seems to me that bulls have lost its momentum and i think we will not see break up because DXY has no hurdle on its way to the up side if so this no gonna break up mate. Lets see which way this will go you know i am bearish on EURUSD since very long and i am expecting last leg to hit 1.04000 same like GBPUSD. I think you remember that ABC and break down this is also forming look like that mate.
DXY still in ascending channel once that channel breakdown then we will look for new update as long as now i think DXY may rise because there is no change in structure. If i will see an update there i will update my friend.